I will be participating as one of the speakers.
To register, click here:
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Click here for the list of talks: https://lnkd.in/gPz4cf3q
I will be participating as one of the speakers.
To register, click here:
https://lnkd.in/g-JBnCwN
Click here for the list of talks: https://lnkd.in/gPz4cf3q
What do millionaires do that most people do not do?
Go into Politics?
By their own Starbucks?
Become a bearded recluse?
These are some things that millionaires do, but according to Thomas Stanley, in “The Millionaire Next Door,” most American millionaires own their own houses, and they own at least one rental property.
My perspective is, “If it works for millionaires, it ought to work for us too.”
Michangelo said, “The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we hit it.”
The American Association of Realtors state, “the average person purchases 7 houses during the course of their lifetime.”
The common path most people follow is to sell the home that they currently live in, then use the cash from that sale to buy a new house. But, these houses are actually valuable assets that can provide long-term family security.
Do n0t kill the goose that lays the golden eggs!
What I propose, is that instead of selling your old home, just refinance it, and use that money as a down payment on your next house. Now you own two houses. One for you and your family, and the second home is working for you.
Two immediate advantages are: 1) you have a new source of “passive” income; 2) your equity accelerates like a race car. Equity is the how much the house is worth minus how much you owe. On average, a house will increase in value about 5% per year.
For example, if you purchase a house today for $200,000, you have no equity. But, if you keep that house for 20 years, you will have accumulated $100,000 in equity. If you owned 2 houses, you would have accumulated $200,000 in equity.
Let me tell you the astonishing story about my wife and I. We are partners in marriage and in our real estate business. Who says married couples can not be business partners? And the good thing is, we have never considered divorce. Murder sometimes, but never divorce.
I had a steady salary as a university researcher in 2001. When the World Trade Center was bombed in 2001, my salary was cut in half, as federal grants that funded my job were diverted to the War on Terror.
I had a very intense period of soul searching and research, along with gratuitous whining and moping.
My wife and I decided that a real estate business was the way to go. We bought a course from a TV Info-mercial. At that point, I felt we had crossed the Rubicon!
It was easy to start a business because real estate investing didn’t require any special license, training, or degree.
We found an inexpensive fixer upper house in a relatively nice neighborhood. We moved into it while we made repairs. Most importantly we did not sell our original house. We rented it out.
The first thing we did was to get one of the bathrooms into working order. My wife’s stance was, “I am not living in that house unless at least one bathroom is fully operational.” Who can argue with a mother’s logic?
Now we have done it for 20 years, we’ve had 3 rental houses, and last year we sold one of the houses. My 2 sons have worked side by side with us on the houses. It wouldn’t surprise me if they purchase their own rental houses in the future.
I say, “Let’s do what millionaires do. If it works for them, it can work for us too.”
It worked so well, my wife and I wrote a book about our experiences, entitled, “Turn Your Home into a Rental House Instead of Selling It!”
—–
This is a speech I delivered to “From Pen to Podium” Toastmasters, 3.27.2021.
“We can do no great things, only small things with great love.”
— Mother Teresa
The 3 stages of a man’s life are:
1) He believes in Santa Claus.
2) He doesn’t believe in Santa Claus.
3) He is Santa Claus.
I work as a substitute teacher in Tucson, Arizona
There are good days and bad days in the life of a substitute teacher. Sometimes, I am satisfied to just survive and live to teach another day.
My substitute teacher motto is: “I am proud to be a substitute teach, until I win the lottery.
Simpson Elementary School is where I often teach. I know the teachers and the students and we are usually one, big happy family.
One day, Ms. Sandy, a giant of a woman who looms over me, asked, “Mr. Terry, the other teachers and I would like you to do us a big, big favor.”
“Ms. Tammy, as you well know, I do the work of 3 men. Larry, Moe and Curley. So ask away.”
“Mr. Terry, would you be Santa Claus for us at the Christmas celebration this year?”
“Some people might consider me too thin to be Santa Claus,” I say. “They allege that I am so thin that I have to move around in the shower to get wet, but I am a warrior; not a worrier, and I have a big pillow.”
“Ms. Tammy it is my honor to be Santa Claus. Count me in!”
When the big day arrives, about 60 kids, parents, and teachers are packed into the library like sardines in a can.
I put on my Santa costume in a library storage room.
I hear the sing-singy voice of Ms. Tammy. “Okay Santa we are ready for you.”
I bound out of the closet. “Ho! Ho! Ho! Merry Christmas!” I say.
“Yaaaaay” The kids scream. Some kids gap in amazement. Many kids run up and hug me. They surround me like the Munchkins did to Dorothy in the Wizard of Oz.
Wearing the Santa costume has transformed me. I could actually channel the spirit of Santa Claus. I radiated overwhelming love for the kids and I absorbed their love for me.
I wedged my way through the wall of little bodies to get to the Santa Chair.”
The teachers had the students form a line.
The first little girl in line was Maria. She just stood there. Tears ran down her cheeks. Impatient kids behind her in line, shouted “hurry up” and “keep moving.”
“Tell Santa what you would like for Christmas,” I say.
Maria just stares and cries.
“Okay Maria, why don’t you think about what you would like and I will ask you again later.”
The teachers removed her from the line and the bottleneck is cleared.
Next in line was Jimmy. After climbing on my lap, he said. “I want an X-box a computer game, a Frozen movie, a toy race car . . ..,”
I interrupt him. “Whoa Jimmy! Slow down! Santa has a new rule. Only one toy request per child.”
After Jimmy, my job becomes a repetitive assembly line process. A child sits on my lap. They tell me what toy they want. I say “Ho Ho Ho.” The parent snaps a picture.
The pace is broken when Enrique gets on my lap. I know he is a trouble maker. He finished 3rd place in the Curley Howard Look Alike Contest.
“You’re not Santa Claus. You’re Mr. Terry,” he spouts.
“Ho ho ho, that’s impossible, Mr. Terry does not have a long white beard, as I do.”
“No, you are Mr. Terry,” he said and he pull on my beard.
“Alright Enrique, Santa Claus puts you on probation. No Christmas gift for you until you are nice to people. I will be in communication with your mother.”
I nudge him off me lap.
When, the last child slides off my dog-tired lap, I stand up.
I say, “Merry Christmas to everyone! I will now return to the North Pole to get Christmas gifts ready.”
“Yaaay!” the kids shout.
As I walk away, Maria popped out of the crowd, ran over to me and hugged my leg. In a tiny voice, she said, “Please bring me a doll.”
I put one my knee on the floor and I looked her in the eye.
In my most sincere Santa voice, I said, “I’ll do my best. Merry Christmas.”
At the end of the day, I know that I was not the greatest Santa Claus in the world, but I put my heart into.
I did not do a great thing, but I did do a small thing with great love.
A few weeks ago my wife’s cat died. We buried her beside the house. My wife was very sad. I told her, “Don’t worry about Tabby. She is okay. I’m sure that she is in Purr… gatory.”
I am a proud proponent of the mighty pun. Puns brighten the lives of others. I believe that a good pun is its own re-word.
Furthermore, punsters are seen wise, witty, and whimsical. A force to be reckoned with.
Historically, powerful puns have compressed layers of meaning into fewer words.
At the signing of the Declaration of Independence, Benjamin Franklin said, “We must all hang together or assuredly we shall all hang separately.”
1) Kid Puns – Have you ever seen a horse fly?
Children like puns because it’s like playing a trick on someone. They expect one thing and something else appears. Often kids will give a straight answer to the setup question. So they are even more surprised by the funny switch.
What 2 things can you never eat for lunch? Breakfast and dinner.
Why is 6 afraid of 7? Because 7 ate 9.
What do you give to a sick bird? Tweetment.
What’s the difference between a piano and a fish? You can tuna piano but you can’t tuna fish.
What disappears as soon as you say its name? Silence.
2) Puns for Big Kids
How do you feel when there is no coffee? Depresso
What do you call an empty can of Cheez Whiz? Cheese Was.
Present, Past and Future walk into a bar. It was tense.
3) Punny Observations
My get up and go got up and went.
I’d rather have a bottle in front of me than a frontal lobotomy.
Sure I drink brake fluid. But I can stop anytime.
My dog can do magic tricks. She’s a Labra”kadabra”dor.
4) Special Puns for “Certifiable Pun-atics”
What does the dyslexic, agnostic, insomniac do? He lays awake at night wondering if there is really a dog.
Gandhi walked across the desert with little food and no oral hygiene products. At the end of his journey, he was a: super callused fragile mystic vexed with halitosis.
A Challenge – Just for the Pun of It
I challenge you to make the world a happier place.
I ask you to take 2 steps:
1) Pretend that life is funny and forever.
2) Keep a little notebook with you, to jot down new puns to share with others.
As an author, my final words are:
“When I am dead, I hope it may be said:
‘His sins were scarlet, but his books were read.’ ”
______________________________________________
“I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live up to what light I have.” Abraham Lincoln, 1854.
_____
In 1849, after serving one term as a US Congressman, and with no political prospects, it looked like Lincoln would be relegated to the dust bin of history. He resigned himself to the life of a travelling lawyer (a circuit rider). Although he was extremely good at his job, he probably felt despair that his desire for a life in politics was beyond his reach.
In 1854, Lincoln’s life changed dramatically. Under the guidance of his long-time rival,Senator Stephan Douglas, Congress passed the Kansas-Nebraska Act, a law which repealed the Missouri Compromise of 1820, and changed the way that slavery was dealt with in the United States. Under the Missouri Compromise, slavery was essentially bottled up and restricted to the 13 southern states.
The Kansas-Nebraska Act allowed slavery to expand into the new territories of Kansas and Nebraska, as well as to any other state, based on a majority vote. Lincoln, and other residents of northern states, were outraged that the evil of slavery could now spread like cancer to other states.
Lincoln was awakened like a sleeping giant. To stop this injustice became Lincoln’s all consuming passion.
“The passage of the bill roused me as never before,” said Lincoln (Letter to Joshua Speed, 1855).
A carefully crafted speech delivered in New York City, in 1860, propelled Lincoln onto the national stage like a hurricane, and established him as a credible Republican candidate for the presidency.
What awakens the sleeping giant in you?
If you can tie your deepest feelings to the thing that you do with your life, then you are following in Lincoln’s footsteps, and your life has true meaning.
My Path
Deep inside, I knew that I was more than just someone doomed to spend my life working an 8:00 to 5:00 job. I felt I had untapped skills and potential to write books and to be a public speaker. I started writing books in 2007, in my spare time, while working my regular job. My big opportunity came when I was laid off from my job, in 2010, and I was able to channel my energies into a writing and speaking career.
Focusing on Abraham Lincoln was an easy choice for me. He had long been a hero for me. As a Peace Corps Volunteer in Honduras in 1987, I read Carl Sandberg’s epic book, “Abraham Lincoln.” It was the greatest book I had ever read about the greatest man who had ever lived. It awakened in me the desire to both, become a writer, and to draw closer to Lincoln.
A “Lincoln-ized” Life
I am a short, skinny, balding, hair color enhanced 63-year-old former Peace Corps Volunteer. Abraham Lincoln is a human quote factory. Everything he said is either inspirational, insightful, or funny. Connecting with Abraham Lincoln is the best thing that ever happened to me.
When a radio host asked singer Don McLean, “What is the meaning of your song American Pie?” He replied, “It means that I never have to work again.”
In my case, linking my life with Abraham Lincoln does not mean that I never work again. However, my job is doing what I love most, to help individuals to “Lincoln-ize” their existence. I exhort others to fuse their spirit to that of Lincoln, and in so doing, to live a life filled with passion and purpose.
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The Keys to Success II: The Best is Yet to Come
“I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live up to what light I have.” Abraham Lincoln, Speech in Peoria, Illinois, 1854.
“Mr. Lincoln retained through life all the friends he ever had, and he made the wrath of his enemies to praise him. This was not by cunning or intrigue in the low acceptations of the term, but by far-seeing reason and discernment.” Leonard Swett, Attorney
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There are underlying rules that govern how life works. They may not always be readily apparent, but still they work. Yet to some of us, the fundamental rules of life often seem like a mystery. Like when the grandson asked Grandpa,
“How soon will I be old enough to do as I please?”
“I don’t know,” replied Grandpa. “Nobody has ever lived that long.”
A Slip but Not a Fall
After a loss to Stephen Douglas in the senatorial election of 1858, Lincoln slipped on a patch of ice in front of his house. His legs went out from under him, but he put out his arms as he fell, and caught himself before his body hit the ground.
“It was a slip but not a fall,” he muttered. His face was lost in thought and he repeated, “a slip but not a fall.”
To Lincoln, it was an omen that his loss in the senatorial election did not end his chance to be nominated for president. Lincoln saw that his chances were still strong to win the Republican nomination for president. It helped that his fame had spread like wildfire after the publication of transcripts of the Lincoln-Douglas debates in national newspapers.
Mastering Disaster
In Abraham Lincoln’s world, virtually any obstacle was viewed as a stepping stone, or a lesson, to prepare him for the great things that he expected to happen in the future. If we view our own lives, like Lincoln did, as having meaning and purpose, then we too can frame all of our experiences (negative or positive) so that they always appear to be beneficial to us.
As Alberto Villoldo (The Four Insights) said,
“History is not what actually happened, but how you choose to remember it –that is, how it lives within you.”
Dealing With the Worry Monster
I am someone who sometimes (almost always) worries too much. For example, one
day the exterminator was coming to kill some ants in a rental house I own, at 10:30 AM. I couldn’t be there as I had a job as a substitute teacher that day, so I worried that the tenant would not be there when the exterminator arrived and I’d be charged for a visit.
I also worried that, if the tenant were there, the exterminator would overcharge me because I’m not there to supervise him. I worried about this all morning as I was teaching. And what did all this worrying accomplished? Not much, except my stomach hurt because I’d been worrying so much.
If I look at the big picture, I would ask myself, “What is the worst thing that could happen?”
1) The exterminator arrives and the tenant is not there, so the exterminator comes back next week.
2) The exterminator charges a little more than usual, but he’s been there before so I know the standard rate. He can’t deviate too much from that.
At the end of the day, the worst that happens is I lose a few bucks and the ants get killed next week. No big deal. It’s not worth getting a stomach ache over. Everything will still get done. The world will not stop spinning.
I took a deep breath.
The long range goal for my rental houses is to hold onto them another 10 years, and then sell them to fund my retirement. As long as I have paying tenants living in the rental houses, the planets are lined up. Everything else, including exterminating ants or even a late rent payment, is just a minor detail.
I start to feel better when I think about it that way.
Patience Keeps the Worry Monster at Bay
Pablo Picasso famously said,
“Only put off until tomorrow what you are willing to die having left undone.”
Yet, to be a “Master of Disaster,” sometimes it’s better to exercise patience, and to let things unfold at their own pace.
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“Lincoln chopped wood for widows and orphans. When he saw travelers bogged down, he stopped to help them.” Michael Burlingame, Abraham Lincoln: A Life
“Ab Trout, a poor barefooted boy, was chopping wood one cold winter day. Lincoln came up and asked what he got for the job, and what he would do for the money. Ab said, ‘One dollar’ and pointing to his naked feet said, ‘A pair of shoes.’ Abe told him to go in and warm up and he would chop a while for him. Lincoln finished the work, and told him to go buy the shoes.” William Herndon, Herndon’s Informant’s
“Lincoln defended the son of the widow Armstrong, in a murder case. Lincoln saved her boy from the gallows. The only possession she had in the world was 40 acres of land, which she offered to give to Lincoln as payment. ‘Aunt Hannah,’ he said, ‘you took me in years ago when I was poor and homeless and you fed me and mended my clothes, and I shan’t charge you a cent now’.” Andrew Carnegie, Lincoln – The Unknown
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Phil made me feel exceedingly comfortable when I first joined Toastmasters. I felt a little awkward at the meetings because I didn’t know anyone. But Phil, a longtime member, took care of that. He was always one of the first persons in the meeting room and every time I would walk in, he loudly announce, “Here’s the professor. How are things going at the university?” It made me feel exceptionally welcome, and put me at ease, even though I was not a professor, but merely a researcher, at the university. Nonetheless, I gracefully accepted the comical promotion that Phil gave to me.
Fast forward five years. Phil falls down and breaks his leg. He goes through surgery and spends weeks in rehab. I visit him virtually every day at the rehabilitation clinic. We wile away the hours chatting, playing checkers and putting puzzles together. Phil, still at the top of his game, at 95 years old, in short order makes friends with the staff and other patients.
Mental note to self: There’s a lot to learn from Phil.
My Sworn Enemy – The Thorny Bush
One of my worst enemies is a thorny bush that blocks a sidewalk which students use
to walk to a high school near my house.
I’m pretty sure that it is possessed by the devil. If not cut, branches with huge thorns grow through a fence and force students to walk around it or risk cuts to their arms and legs. It’s even more dangerous at night because you can’t see the branches.
Twice a year, wearing a long sleeve shirt and leather gloves, I fight back against the devil brush branches, like Janette Scott in The Day of the Triffids. I cut the branches and carefully load the large branches into the bed of my truck. The thorns can go right through my gloves, and haul them to a large trash can in the alley behind my house. The last time I did it, I accidently stepped on one of the branches and a thorn pierced through the sole of my shoe and into my foot. Yikes!
I chalk it up as a war injury in my never-ending battle with the sinister thorn bush.
The Lone Ranger
I often do house repairs for neighbors and friends who need help. I’m pretty good at it since I often repair my rental houses. Just last week, Cynthia, an older friend and former neighbor, who had just returned from mouth surgery, called and said,
“Terry, my toilet is leaking. Can you take a look at it?”
“Sure, I’ll be right over.”
I grabbed my tool box, stopped by Ace hardware to buy a toilet repair kit, and drove over to Cynthia’s house.
I ring the doorbell.
“Hi Terry. Thanks for coming.”
“You’re welcome. How’s your mouth feeling?”
“Okay, but sore. I still can’t speak too clearly yet.”
“Did you just say, ‘Okay you bore. I steal cans of peak to clean ear pets?”
“No.”
“Sorry. I was just rattling your cage. Show me where the leak is.”
She leads me to the bathroom.
As I suspected, the fill valve was broken and leaking. I replaced the valve and the flange too, for good measure. It worked like new.
“Can I pay you something?”
“No thanks. I’m the Lone Ranger. Justice is the only reward I desire. If you need anything else, give me a call.”
“Okay. You helped me a lot. Thanks kemo sabe.”
I gallantly drive away with music from the William Tell Overture playing on my cd player. I feel as pleased as punch.
I often get so wrapped up in my own life that I can’t see that other people have problems too. Imagine that! Even a minimal effort on our part to help someone, can have a huge impact on another person’s life.
Love Completely Without Complete Understanding
Sometimes it’s not readily apparent how to help others, yet we can still act.
Like when my mom was near the end of her life. I feel I could have done better, but at least I always tried to be at her side when she needed me the most.
As Norman Maclean said in A River Runs Through It and Other Stories,
“Each one of us here today will at one time in our lives look upon a loved one who is in need and ask the same question: We are willing to help, but what, if anything, is needed? Either we don’t know what part of ourselves to give or, more often than not, the part we have to give is not wanted. But we can still love them – we can love completely without complete understanding.”
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